The reading is quite revealing about the quality of analyst forecasts. I enjoyed reading this.
Though the main question is - if we are not supposed to use analyst forecasting then what are we supposed to use? - I don’t quite buy the authors arguments that analyst should analyze the present and 'understand what that means for the future' <-- isn't this similar to forecasting? May be there is a slight difference, I will have to research in this a bit more.
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